Best Crypto Under $1 For 2022 - Cheapest Cryptocurrency To Buy Revealed

Last Updated May 23rd 2022
17 Min Read

You have probably looked at Solana and wished you collected some when it was selling for pennies. If this is you, know that all is not lost because the crypto market is still flooded with penny cryptocurrencies under $1.

The trick, however, lies in finding the best crypto under $1 that has the most potential to grow and post Solana-like gains over the next few months or years.

To help you get started with investing in penny cryptocurrencies, we have prepared a list of what we consider to be the 10 best cryptos under $1 in 2022. We even complimented this with a guide on factors to consider when looking for the best crypto under $1.

Read on.

Best Cryptocurrencies Under $1 In 2022

Here is a quick view of the 10 top cryptocurrencies under $1 to invest in 2022.

  • Ripple (XRP) - Best Overall Crypto Under $1 
  • Stellar (XLM) - Most Promising Penny Crypto Under $1 
  • Basic Attention Token (BAT) - Best Crypto Under $1 For Long Term Investing 
  • Algorand (ALGO) - Best Smart Contract Cryptocurrency Under $1 
  • Tron (TRX) - Best Token Under $1 For Entertainment 
  • The Graph (GRT) - Best Small Cap Cryptocurrency Under $1 
  • Shiba Inu (SHIB) - Best Meme Coin Under $1 
  • Cronos (CRO) - Top Exchange-Based Token Under $1 
  • Cardano (ADA) - Best Large Cap Cryptocurrency Under $1 
  • Dogecoin (DOGE) - Best Penny Crypto for Short Term Investing 

 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

What To Look For In The Best Crypto Under $1

Not all penny cryptocurrencies are worth buying. Some, especially meme coins, will soon die and add to the growing heap of dead coins. How then do you find the most valuable asset among the cheapest cryptocurrencies?

Here are a few factors that you should consider when vetting these altcoins.

First, before you buy crypto under $1, ensure that it seeks to solve an existing problem and that it has real use cases. It should also have a well-laid out plan - in the form of a whitepaper and a road map - outlining how it intends to move from concept to a usable project.

Secondly, before you invest in crypto under $1, confirm its perceived value by looking at its investors and collaborators - both pre- and post-ICO. A viable project will attract multiple investors, especially venture capitalists and collaborators - especially major offline tech brands.

Lastly, confirm its scalability. Ideally, the most promising crypto under $1 should be scalable and open to global adoption. It should appeal to everyone across the world and not a specific group of individuals, industries, or locations.

Best Cryptocurrency Under $1 To Buy In 2022

After careful analysis of the crypto market using metrics, we narrowed the best 10 cryptocurrency under $1 in 2022 to the following:

1. Ripple - Best Overall Crypto Under $1

Ripple (XRP) tops our list of best crypto under $1 to buy in 2022 because of its revolutionary technology and the fact that it is an established coin. It seeks to revolutionize the banking sector by eventually replacing SWIFT as the preferred interbank payment and communication network.

Today, several top-tier banks and financial institutions have already partnered with Ripple, confirming its usability. In fact, the majority of analysts and investors are confident that only the SEC case is currently holding XRP token prices and use cases from exploding.

They allude not just to the massive investor and baking industry interest in the coin but its past price action. During the 2017 rally, for instance, it set an all-time high of $3.40 and attempted a similar run in early 2021, only to reach $1.08.

XRP price chart

Today, it is one of the most traded large-cap crypto assets, and as Ripple Labs continues scoring small wins against the SEC in court, the market is convinced that it only is a matter of time before XRP rallies and blasts above its 2017 highs - especially if it wins against the SEC.

Just how high can it reach in the next 5 years? Crypto analysts at Cryptopolitan are convinced that the XRP token has all it needs to reach $20, more than 28X its current price.

Read More On Our Ripple (XRP) Price Prediction.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

2. Stellar - Most Promising Penny Crypto Under $1

Did you know that Ripple and Stellar were created by the same person - Jed McCaleb? Like Ripple, Stellar hoped to revolutionize the global finance industry by facilitating faster, safer, and more affordable inter-bank transfers. Currently selling at around $0.2, we consider Stellar to be the most promising penny crypto because of its strong fundamentals. Plus, unlike Ripple, it is not fighting a court battle.

Some of the factors that convince us and the market that Stellar will almost certainly blow in the foreseeable future include its well-laid-out roadmap and strong development team. Not to mention that it too has received global acceptance from the finance industry, with countries like Ukraine settling on the Stellar network to host its CBDC.

In the next 5 years, experts are confident that XLM could reach $2.5, close to 13X its current price.

Stellar price chart

Learn How High Can XLM Go On Our Stellar (XLM) Price Prediction.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

3. Basic Attention Token - Best Crypto Under $1 For Long Term Investing

Basic Attention Token seeks to revolutionize the $500 Billion digital advertising industry. In partnership with the Brave browser, its founders are looking to leverage the growing concerns about internet security to fuel the coin’s adoption and use cases.

They propose to decentralize digital advertising and give internet users control over the amount of personal data that advertisers can access and absolute control over the type of adverts they get to watch. They also get paid to watch this content by sharing the fees paid by advertisers with the BAT network.

Launched in 2017, Basic Attention Token prices are already 350% above their introductory price, and the Brave browser has been adding 25+ million users annually. This steady growth, growing awareness around internet security, and snowballing blockchain adoption are expected to continue fueling BAT’s uptrending price action.

BAT price chart

Currently hovering around $0.6 and $0.9, BAT is expected to rally 7X within the next 5 years.

Don't Miss Our Basic Attention Token (BAT) Price Predictions.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

4. Algorand - Best Smart Contract Cryptocurrency Under $1

The Algorand development took the crypto industry by surprise when it launched a network that solves the blockchain trilemma challenge. The developer community and institutions took it up and started testing different Dapps. But so did the investment community that has pushed ALGO token ICO prices up by more than 650% to make it the 30th most crypto project.

Moving forward, the majority of analysts and investors are confident that we are about to witness an increase in developer interest in Algorand. This, they believe, will be fueled by the incoming DeFi and Web 3.0 age as developers search for more stable smart contract platforms to serve as Ethereum alternatives. Such an influx of developers is expected to spur the demand for ALGO tokens, which will - in turn - catapult their prices to new heights.

Over the last month, ALGO prices have been ranging between $0.6 and $0.9, and experts at Changelly expect it to rise by as much as 1500% in the next 5 years.

Algorand price chart

Check Out Our Algorand Price Predictions.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

5. Tron - Best Token Under $1 For Entertainment

The Tron blockchain network is dedicated to content creation and entertainment. Established close to 5 years ago, the network has sustained an uptrend even in the face of slow adoption of blockchain technology. It has also proven its resilience by surviving two major crypto market crashes - in 2018 and mid-2021.

In either instance, it rebounded quickly, and we credit this resilience with its current market cap of $6.3+ Billion and an uptrend that has seen its token prices rise 3000% above their introductory price. Tron isn’t just a leader in the blockchain-based entertainment space, it is also highly innovative, with the Tron Foundation working tirelessly to maintain this competitive edge.

Tron price chart

Just recently, it acquired BitTorrent - a renowned file sharing platform. The TRX token has also received endorsements from a host of celebrity artists, including NeYo and rapper Lil Yachty. Others, like Lindsey Lohan, have even launched and sold NFTs on the Tron network.

All these, plus Tron’s well-laid-out road map and aggressive marketing of the platform by its Founder Justin Sun are expected to continue fueling the TRX token’s value gain in the foreseeable future.

Find Out Will TRX Rise In The Future In Our TRON Price Prediction.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

6. The Graph - Best Small Cap Cryptocurrency Under $1

The Graph is an Indexing protocol for querying data on the Ethereum network. It seeks to make it easier for developers on the decentralized network to query the blockchain and identify reliable and accurate information for use in building on the network. And expert opinions suggest that it might just be the perfect tool for building both DeFi and Web 3 ecosystems - the crypto industry’s next big thing.

But these aren’t the only reasons why we rank The Graph among the best cryptocurrencies under $1. Others include the fact that its developers have promised to launch The Graph indexing protocol for all smart contract blockchains - increasing uses cases for GRT and sparking value gain.  

Further, the coin has already broken above $1, peaking at $2.88 in early 2021. With a recovering crypto market as well as a rising interest in DeFi and Web 3, analysts are confident that GRT will easily recapture these heights and possibly rally to $5.60 in the next 5 years.

Graph price chart

Read Our The Graph (GRT) Price Predictions.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

7. Shiba Inu - Best Meme Coin Under $1

Shiba Inu is the second most popular and second most valuable joke currency with a $13.7 Billion market cap. Unlike most of the altcoins that we have featured here, which we believe will eventually break parity with the dollar, we do not expect Shiba, at its current circulation of 550 trillion coins, to get anywhere close to 1 cent.

Shiba Inu price chart

Nevertheless, we expect it to post incredible price moves that push the value of its investor’s portfolios to unimaginable heights. At the peak of the 2021 crypto market rally and meme coin frenzy, for instance, SHIB token prices grew by more than 5 million percent.

In trying to mirror similar growth during the next market rally and meme coin frenzy, Shiba Inu developers have already started burning SHIB tokens in great numbers. While they may not burn SHB tokens to $0.1 or even $0.01, every indicator points to the fact the move will help ignite a massive price pump - to the benefit of current SHIB investors.

Don't Miss Our Shiba Inu (SHIB) Price Prediction.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

8. Cronos - Top Exchange-Based Token Under $1

Cronos - formerly crypto.com coin- is the native token for the Cronos blockchain that is closely related to the Crypto.com exchange. In the recent past, crypto.com has been involved in an aggressive marketing campaign that has seen it onboard millions of users across the world and rise to become the 9th most liquid crypto exchange.

Cronos is to Crypto.com what Binance coin and the Binance Smart Chain are to the Binance exchange. And just as the popularity of BSC helped catapult BNB token prices to unimaginable heights - making it the 4th most valuable crypto project, optimists are confident that the newly launched Cronos blockchain will help CRO token rally to new heights. As high as $4.40 in the next 5 years for an altcoin whose prices have been ranging between $0.33 and $0.52 in the last 3 months.

Cronos price chart

Read Also Our Crypto.com Coin (CRO) Price Prediction.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

9. Cardano - Best Large Cap Cryptocurrency Under $1

Cardano token prices have been hovering around $0.9, making the best crypto under $1 to invest in today. It already is the largest smart contract blockchain, the first peer-reviewed - thus most secure/stable - blockchain, and posts serious developer activity.

Even at these prices, ADA is still 4200%+ above its introductory price. It has a peak price of $3.10 and has been consistently ranked among the most undervalued cryptocurrencies. The only factors preventing Cardano from exploding at the moment are its huge coin supply and the slow adoption of blockchain technology.

Cardano price chart

But with the anticipated DeFi and Web 3.0 explosions and a recovering crypto market, the market expects the 9th most valuable cryptocurrency to recapture and possibly rally past its current all-time high. Analysts like Adam Webb, for instance, expect ADA token prices to rally 11X in the next 5 years.  

Check Out Our Cardano (ADA) Price Prediction.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

10. Dogecoin (DOGE) - Best Penny Crypto for Short Term Investing

Dogecoin is the pioneer meme coin and the most popular of the joke currencies. It has been around since 2013, and it consistently posted weak low price action and near non-existent trading volumes for the longest time. All that, however, changed in early 2021 when it was picked up by Elon Musk - the Billionaire entrepreneur and crypto advocate.

Within a week after this endorsement, Dogecoin prices rallied by more than 18,000%. Throughout 2021, a series of tweets from Musk and endorsements by a growing number of crypto investors like Mark Cuban kept Dogecoin prices on an uptrend. These were especially critical in helping DOGE make it to the list of top 10 most valuable crypto assets and accumulate the current market cap of $18.8 Billion.

Dogecoin price chart

Moving forward, we are confident that more Elon Musk tweets and actions will help Dogecoin sustain an uptrend and possibly break parity with the USD. He has, for instance, hinted at allowing for the purchase of Tesla vehicles with Dogecoin and even joked about making DOGE the official currency for Twitter - should he acquire the social media platform.

Read Our Dogecoin (DOGE) Price Prediction.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Where To Buy Cryptocurrencies Under $1

You now know the best penny cryptocurrencies in 2022 and the factors to consider when searching for the most promising cryptocurrencies under $1. Let us now shift focus and look at the best places to buy cheap cryptocurrencies 2022, and we recommend the following exchanges:

eToro - Best for beginners

eToro is one of the most popular crypto trading platforms - available in 180+ countries and territories across the world. We consider it one of the best places to buy crypto under $1 for beginners because of its user-friendly and highly navigable interface as well as insightful buy guides.

We also like it because of its accessibility and the fact that it supports the widest range of payment methods - including PayPal. Here, you will also have access to a free custodial wallet as well as a free non-custodial mobile wallet app.

Coinbase - Best for instant buy

Coinbase is the best place to buy penny cryptocurrencies instantly. It features a beginner-friendly instant buy platform that lets you pay for crypto with your local currency or another digital asset. We also consider it a good place to buy penny crypto because it is highly liquid - implying that even the largest orders fill fast.

Binance - Best for low trading fees

Binance is the best place to buy penny cryptocurrencies at the most competitive fees. When you invest in crypto under $1 on Binance, you will only pay a transaction fee of between 0.1% and 0.04% - based on trading volume. And if you settle the transaction fee with Binance Coins (BNB), you receive a 25% discount.

Other factors making Binance the best place to buy crypto under $1 include its support for the widest range of both new and established cryptocurrencies. It is also the most liquid crypto exchange - meaning that your buy/sell orders fill fast with no slippage or requote incidences.

What Are The Benefits Of Buying Cryptocurrencies Under $1?

Penny cryptocurrencies are massively volatile. Some also suffer from low liquidity. Nevertheless, the benefits of investing in crypto under $1 far outweigh the possible limitations. Here are a few:

Possibility of massive returns in a short period

Viable penny cryptocurrencies have the tendency of exploding and scoring their investor’s massive gains. Take, for example, Dogecoin, if you had invested in the dog-themed meme coin a day before the Elon Musk endorsement, you would have grown that investment by more than 18000% in the 7 days that followed.

Ability to buy large quantities of the digital currency

The fact that these cryptocurrencies are worth so little makes it possible for you to acquire so much of a single token. And when their value eventually rises, these expose you to unimaginable gains. For instance, if you had invested $100 in Bitcoins in 2010 when one BTC was selling for $0.08, you would have acquired 1250 BTCs. Today, that investment would have grown to $51.25 Million.

Portfolio diversification:

That penny stocks are so affordable makes it possible for virtually anyone - regardless of their investment capital - to diversify their portfolio. For instance, with $1000 investment capital - you can easily create a diverse portfolio of crypto assets.

Leverage short-term volatility

Most cryptocurrencies under $1 are massively volatile. But this doesn’t always have to be a bad thing. With experience and advanced trading tools, you could leverage the volatility - both uptrending and downtrending - to earn maximum profits.

Bottom Line

The majority of the 18000+ cryptocurrencies available today are priced below $1. And in this class of lowly priced digital assets lies a small category of highly viable penny crypto with a massive potential for future growth.

But as we have said earlier in this post, finding the best crypto under $1 has never been easy.

Nonetheless, we have shared with you the factors that everyone ought to consider when vetting digital assets to identify the most promising crypto under $1. And to help you get started, we have narrowed your search and outlined the 10 best penny cryptocurrencies to invest in, in 2022.

eToro – The Best Platform To Buy Penny Coins

Open an account with eToro, deposit some funds with USD, and finally – buy Penny Coins for just $10.

eToro cryptocurrency trading

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Read More:

9 Growth Cryptocurrencies That Are Undervalued

Best Crypto Investment According To Reddit

10 Best Penny Altcoins To Buy And Hold For Massive Growth

Best Cryptocurrencies Under $10

10 Best New Cryptocurrencies To Buy For Better Return

7 Promising And Cheap Cryptocurrencies To Invest In

Best Crypto Under $1 - FAQs

What is the best cryptocurrency under $1?

Some of the best cryptocurrencies under $1 to invest in 2022 and hold for maximum gains include Cardano, Ripple, Stellar, Shiba Inu, Dogecoin, and Tron.

Can I invest $1 in crypto?

Yes, you can buy virtually any cryptocurrency with $1 - including Bitcoin- because they all support fractional trading. Note, however, that most crypto trading platforms have higher trading minimums.  

How do I find penny cryptocurrencies under $1?

In this post, we have shared the primary factors to consider when searching for the best crypto under $1. In summary, confirm that it seeks to solve a real problem, check its scalability and that it has a proper roadmap for moving from concept to a crypto project.

Which crypto under $1 will explode in 2022?

No one can tell with utmost accuracy which coin will explode will explode in 2022. We are, however, confident that with a recovering crypto market, all the coins we have listed herein are bound to post significant price jumps.

Is it safe to invest in cryptocurrency under $1?

Well, cryptocurrencies are the riskiest asset class of the last decade. It, therefore, is not uncommon for a crypto asset to lose 99% of its value. In such a case, we advise you to do your own research before investing in any coin and, even then, only invest what you can afford to and are willing to lose.